Kitov Pharma's arthritis drug meets main goal in late-stage study
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By Rosmi Shaji
The company's U.S.-listed shares were up 26 percent at $4.50 in premarket trading.
The drug, KIT-302, was tested in 152 patients with osteoarthritis (OA), a degenerative joint disease caused by aging joints, injury and obesity.
The condition occurs most often in knees, hip, lower back and neck, small joints of fingers and bases of the thumb and big toe.
Most of the widely used painkillers contain severe health warnings that link them to heart-related risks.
Israel-based Kitov said its drug does not need to be labeled with health warnings but will instead say it reduces the risk of cardiovascular events.
Elevated blood pressure is a common side effect of stand-alone pain killers, which also increases the chances of heart problems.
- Kitov Pharma Holdings Ltd said on its lead drug met the main goal of a late-stage study, reducing pain without increasing the risk of heart diseases in patients with a type of arthritis.
The company's U.S.-listed shares were up 26 percent at $4.50 in premarket trading.
The drug, KIT-302, was tested in 152 patients with osteoarthritis (OA), a degenerative joint disease caused by aging joints, injury and obesity.
The condition occurs most often in knees, hip, lower back and neck, small joints of fingers and bases of the thumb and big toe.
Most of the widely used painkillers contain severe health warnings that link them to heart-related risks.
Israel-based Kitov said its drug does not need to be labeled with health warnings but will instead say it reduces the risk of cardiovascular events.
Elevated blood pressure is a common side effect of stand-alone pain killers, which also increases the chances of heart problems.
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